Why is BTCUSD Bitcoin USD down 6.94% today?

Bitcoin declined due to broader market weakness, macroeconomic concerns, and liquidations across leveraged positions. Trading volume surged to 1.17 billion, indicating significant institutional and retail repositioning during this correction phase.

What is the BTCUSD support level to watch?

The primary support level is $84,209 (lower Bollinger Band). If broken, the next support sits at $75,644 (day low) and $74,421 (year-low). These levels have historically attracted buyers during corrections.

What does the RSI indicate for Bitcoin USD?

The RSI at 48.91 shows neutral momentum—neither overbought (>70) nor oversold (

What is the Bitcoin USD monthly price target?

The monthly forecast targets $92,791, representing an 18% move from current levels. This aligns with the 50-day moving average and represents a critical resistance zone for recovery trades.

Is BTCUSD a buying opportunity at current levels?

Market data shows Bitcoin trades near technical support with neutral momentum indicators. Historical patterns suggest this price range has attracted institutional interest, though macroeconomic conditions remain uncertain.

Crypto Insights

BTCUSD Bitcoin USD Retreats to $78,648 as -6.94% Weekly Decline Signals Weakness

ByDanny Kontos February 5, 2026February 5, 2026

Bitcoin USD (BTCUSD) has experienced significant selling pressure, declining 6.94% to $78,648 as of February 4, 2026. The cryptocurrency’s recent weakness reflects broader market concerns about macroeconomic conditions and regulatory uncertainty. With a market cap of $1.67 trillion, BTCUSD remains the largest digital asset by valuation. Understanding the current technical setup and price dynamics is essential for market participants evaluating Bitcoin’s near-term direction and support levels.